Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) shares reached a new 52-week high during trading on Monday . The stock traded as high as $50.00 and last traded at $49.32, with a volume of 16,880 shares traded. The stock had previously closed at $49.76.

Separately, Zacks Investment Research upgraded Grupo Aeroportuario del Centro Norte SAB de CV from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, May 4th.

The stock has a market capitalization of $2.39 billion and a price-to-earnings ratio of 32.74. The stock has a 50 day moving average of $46.49 and a 200 day moving average of $42.86.

A hedge fund recently raised its stake in Grupo Aeroportuario del Centro Norte SAB de CV stock. Russell Frank Co raised its position in Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ:OMAB) by 87.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,150 shares of the company’s stock after buying an additional 42,001 shares during the period. Russell Frank Co owned about 0.18% of Grupo Aeroportuario del Centro Norte SAB de CV worth $3,465,000 at the end of the most recent reporting period.

Grupo Aeroportuario del Centro Norte, SAB. de C.V., (GACN) is a holding company and conducts all of its operations through its subsidiaries. Through its subsidiaries, it holds concessions to operate, maintain and develop airports in Mexico, which are concentrated in the country’s central and northern regions.

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